Section 20 Cybercrimes Act

Section 20 of the Nigerian Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 is about Fraudulent Issuance of e-instructions. It is under Part III (Offences and Penalties) of the Act.

A Person being authorised by any Financial Institution and charged with the responsibility of using Computer or other Electronic Devices for Financial Transactions such as posting of debit and credit, issuance of Electronic Instructions as they relate to sending of Electronic Debit and Credit messages
or charged with the duty of confirmation of Electronic Fund Transfer, unlawfully with the intent to defraud, issues false Electronic or Verbal Messages commits an offence and is liable on conviction to imprisonment for a term of 7 years.